IMF boss Lagarde: Germany must invest in long-term growth | News

FRANKFURT (dpa-AFX) – The head of the International Monetary Fund (IMF), Christine Lagarde, has called on Germany to invest more in order to secure growth in the long term. "Germany can afford to spend more," said Lagarde on Thursday at a conference in Frankfurt.Zwar the German economy is currently in a boom phase. But: "Now that the sun is shining on the roof, the country and the entire EU must winterize for the next crisis," Lagarde said. It should also keep the competition from China and parts of the United States in mind, where investment in new technologies and clean energy production processes are currently massively increased. It is important, above all, that the money will be spent domestically. In addition to innovations, wage growth also plays an important role, which has recently risen somewhat, but still has room for improvement./kro/tos